An offer in compromise is one tool that residents of Northern California can use when they cannot pay the full amount of taxes that they owe the IRS. If you try to negotiate an offer in compromise on your own, you may find yourself struggling, as you will need the assistance of tax professionals and lawyers. At Tax Tiger, we can help you determine if you will be eligible to make an offer in compromise to the IRS. Click Here For Northern California IRS Offer In Compromise!
When an offer in compromise is selected, you can settle your debt for a fraction of the full amount. The IRS will only consider offers in compromise under certain situations. If there is doubt about how much you as a Northern California resident owe the IRS, your offer may be accepted. The most common scenario under which an offer will be accepted is if there is doubt as to whether you would be able to pay the amount that you owe.
How the IRS Assesses an Offer in Compromise from Northern California Residents
Our tax attorneys in Northern California will negotiate on your behalf with representatives from the IRS. The amount you will need to pay in the offer in compromise will be based on specific factors, including your assets, your monthly income, and your living expenses. It is important that your living expenses be portrayed accurately, as the cost of living in Northern California can be much higher than other parts of the country.
If the IRS does not accept your offer in compromise, we have additional methods that we can use on your behalf. Installment agreements are another option that will let you pay your tax obligation over time. To start working with our tax professionals today, call our offices.
